From Nasdaq

July 25, 2024 06:20:06 am:

The Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (GSEW) debuted on 09/12/2017, providing exposure to the Large Cap Blend market category with a smart beta approach. Smart beta ETFs track non-cap weighted strategies for those seeking to beat the market based on fundamental characteristics. GSEW aims to match the performance of the Solactive US Large Cap Equal Weight Index.

With operating expenses of 0.09% annually, GSEW is one of the least costly ETF options available. Its 12-month trailing dividend yield is 1.58%, making it an attractive choice for investors seeking lower costs. The fund’s sector exposure is heaviest in Information Technology, making up 16.60% of the portfolio.

Year-to-date, GSEW has gained 8.43% and is up 13.82% over the last 12 months. The fund has a beta of 1.05 and standard deviation of 17.81%, effectively diversifying company-specific risk with approximately 495 holdings. GSEW’s top 10 holdings account for about 2.89% of total assets under management.

Investors looking to outperform the Large Cap Blend market segment may find GSEW a suitable option, although alternative ETFs like IVV and SPY are also available. IVV tracks the S&P 500 Index with assets over $492 billion, while SPY has assets exceeding $556 billion, catering to different risk preferences and cost considerations in the market.

Read more at Nasdaq: Is Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (GSEW) a Strong ETF Right Now?